Bitcoin Price Prediction: As MicroStrategy Turns ”Extremely Optimistic” On BTC, Traders Rush To Buy 99BTC With Only Days Left

The
Bitcoin
price
dropped
a
fraction
in
the
last
24
hours


to
trade
at
$64,463

as
of
03:44
a.m.
EST
on
trading
volume
that
surged
9%
to
$39
billion.

This
comes
as
MicroStrategy
says
it’s
“extremely
optimistic”
about
Bitcoin
adoption
amid
increasing
”bipartisan”
political
support
for
the
crypto
industry
in
the
US.

“On
the
adoption
front,
we
are
extremely
optimistic
with
the
improved
understanding
of
bitcoin
and
the
increasing
support
for
the
ecosystem
from
bipartisan
politicians
and
institutions
on
display
at
the
Bitcoin
2024
Conference
in
Nashville,”

said
MicroStrategy
in
a
press
release
in
connection
with
its
second-quarter
earnings.

Although
MicroStrategy
reported
a
Q2
loss
of
$180.1
million
on
its
BTC
holdings,
the
firm
still
holds
226,500
tokens
worth
about
$14.4
billion. 

Bitcoin
Price
Aims
For
A
Sustained
Rally

The
Bitcoin
price
has
been
in
a
sustained
rally
from
July
12
to
July
31,
surging
from
the
$57,000
support
to
as
high
as
$70,000
in
that
time,
according
to
data
from


GeckoTerminal.

The
bulls
were
unable
to
sustain
the
bullish
trend
as
Bitcoin
tumbled
to
$63,000
support,
which
now
coincides
with
the
200-day
Simple
Moving
Average
(SMA).

However,
there
seem
to
be
some
bullish
prospects,
as
the
token
now
trades
above
the
200-day
SMA.
The
50-day
SMA
at
$66,466
now
acts
as
the
immediate
support
level,
which
the
bulls
aim
to
overcome
to
push
BTC
higher
above
the
ascending
triangle.

Meanwhile,
the
Relative
Strength
Index
(RSI)
is
rebounding
from
the
30-oversold
region
as
it
hurtles
towards
the
midline
level,
currently
at
44,
indicating
positive
momentum.

Based
on
Bitcoin’s
price
analysis,
the
token
is
currently
on
a
bullish
trend
reversal
as
it
heads
back
to
the
ascending
triangle
pattern.
If
this
trend
continues,
the
price
of
Bitcoin
could
soar,
as
the
bulls
target
$70,600
in
the
long
term.

The
50-day
SMA
trades
above
the
200-day
SMA,
with
a
golden
cross
at
$61,727,
which
supports
the
bullish
prospects.

However,
if
the
bears
take
control
of
the
price
at
this
level,
BTC
could
plunge
further
to
the
next
support
level
of
$60,000.

While
MicroStrategy
is
optimistic
about
Bitcoin
adoption,
investors
are
piling
into
the


99Bitcoins
(99BTC)

project
before
its
presale
ends
in
four
days.

99Bitcoins
Presale
Raises
Over
$2.5
Million
–
Buy
Now
Before
Presale
Ends

The
99Bitcoins
token
is
ending
its
presale
with
a
bang,
crossing
the
$2.59
million
mark
and
stirring
conversation
among
top
crypto
influencers
about
the
new
and
innovative
Learn-to-Earn
crypto
sector. 

According
to
Jacob
Bury,
a
prominent
crypto
YouTuber,
99BTC
has
the
potential
to
turn
$1K
into
$10K
after
launch.

The
next
four
days
are
the
last
chance
to
buy
$99BTC
as
intense
FOMO
kicks
in.
The
final
stage
of
the
presale
concludes
on
August
6
at
9.30
a.m.
UTC,
meaning
prospective
buyers
have
no
time
to
lose.

The
platform
has
over
2
million
registered
users
for
its
courses
and
more
than
706,000
subscribers
on
its
YouTube
channel.

Their
latest
innovation
is
its
ICO’s
inception,
fueling
a
groundbreaking
learn-to-earn
(L2E)
model.
The
project
will
gamify
crypto
education
by
allowing
users
to
tackle
challenges
and
complete
lessons
to
earn
higher
rankings
and
rewards
through
$99BTC
tokens.

Token
holders
can
also
earn
passively
from


the
project’s
staking
option,
which
offers
a
head-spinning
annual
percentage
yield
(APY)
of
666%.

How
many
of
these
bad
boys
will

@PeterSchiff
be
popping?
????#99Bitcoins

#CryptoCurrency

#BTC

pic.twitter.com/yIEeuGsSdx

—
99Bitcoins
(@99BitcoinsHQ)

May
26,
2024

You
can
buy
$99BTC
tokens
for
$0.00116
each
until
the
presale
closes
on
August
6.

Buy
$99BTC
on
the
official
website
here using
ETH,
USDT,
or
a
bank
card.

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